Aspiriant LLC Acquires Shares of 1,802 Philip Morris International Inc. (NYSE:PM)

Aspiriant LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,802 shares of the company's stock, valued at approximately $286,000.

Several other institutional investors and hedge funds have also modified their holdings of PM. GQG Partners LLC boosted its holdings in shares of Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Philip Morris International by 19,986.5% in the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock worth $712,210,000 after acquiring an additional 4,464,590 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Philip Morris International in the 4th quarter worth approximately $522,214,000. Kovitz Investment Group Partners LLC boosted its holdings in shares of Philip Morris International by 372.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock worth $656,303,000 after acquiring an additional 4,298,530 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after acquiring an additional 4,216,586 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $182.44 on Thursday. The firm has a fifty day moving average of $172.62 and a two-hundred day moving average of $150.28. The stock has a market capitalization of $283.97 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.66 and a beta of 0.52. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. As a group, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's dividend payout ratio is currently 111.34%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stifel Nicolaus boosted their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Citigroup upped their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Needham & Company LLC initiated coverage on Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Barclays reaffirmed an "overweight" rating and set a $220.00 price objective (up previously from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and an average price target of $176.80.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

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